I had an IRA account with Chase Bank. I asked for it to be closed in order to roll it over to a Bank of America Merrill Edge IRA. Chase insisted on sending me a check even though I told them I had 60 days to roll it over into another IRA. I went ahead and within one week, I funded the account with Merrill Edge as a roll over.
I have now received the 1099-R form from Chase, and box 7 is marked with a 7 (normal distribution) Since this is considered a direct distribution to me, my taxes amount increases. When I enter the information on Turbo Tax 1099-R, can I change the entry in box 7 to a G, which indicates a roll over?
